Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Metals & Mining Gold

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.

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Lion One Metals Ltd > Lion One Drills 448.98 g/t, 202.34 g/t, and 108.5 g/t Gold

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Comment by nozzpackon Apr 25, 2024 7:41pm

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Post# 36008373

RE:Lion One Drills 448.98 g/t, 202.34 g/t, and 108.5 g/t Gold

These Zone 2. Assays are both infill and grade control which would have signifucantly increased the sampling density , comsequently the mean grades have fairly good precision .

Zone 2 average grade would now be in the 10 grams to 15 grams per ton, plus increasing the number of ounces.
This will have the effect of decreasing the cash costs and increasing production.

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